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chapter 7

chapter 7 credit

TermDefinition
credit card card authorizing purchases on credit
charge account an existing line of credit at a business that issued it
account statement a blank statement that shows status of your account
finance charge interest changed by a credit card or charge account company for not paying on time
unpaid-balance method computing the finance charge on a credit account based on the portion of the previous monthly balance you have not paid
average daily balance method computing the finance charge on a credit account based on the average balance at the end of each day of billing period
Created by: maizie1
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